Energy Fuels To Gain From Increase In Uranium Spot Price: Analyst Sees Higher Demand, Focus On Nuclear Energy
Portfolio Pulse from Nabaparna Bhattacharya
Roth MKM analyst Joe Reagor reiterated a Buy rating on Energy Fuels Inc (AMEX:UUUU), raising the price target to $9.50 from $8.50. The analyst increased the near-term and long-term uranium price forecasts due to an earlier-than-anticipated increase in the uranium spot price. However, the analyst cautioned that uranium mining and sales are subject to significant regulatory oversight, and there exists potential for adverse regulatory decisions.
October 10, 2023 | 6:20 pm
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POSITIVE IMPACT
Energy Fuels Inc's stock price may increase due to the raised price target and increased uranium price forecasts. However, potential regulatory decisions could negatively impact the company.
The raised price target and increased uranium price forecasts by the analyst indicate a positive outlook for Energy Fuels Inc. However, the company's operations are subject to significant regulatory oversight, which could potentially lead to adverse decisions impacting the company negatively.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100